Trump Org to pay $1.6m fine for Tax fraud

NEW YORK: A New York judge on Friday sentenced Donald Trump’s namesake real estate company to pay a $1.6 million criminal penalty, after it was convicted of scheming to defraud tax authorities for 15 years.
Justice Juan Merchan of the Manhattan criminal court imposed the sentence, after jurors found two Trump Organization affiliates guilty of 17 criminal charges last month.
The penalty was the maximum the judge could have imposed.
Trump Corp. and Trump Payroll Corp. — both subsidiaries of the Trump Organization — were convicted last month on 17 counts, including conspiracy, criminal tax fraud and falsifying business records. –Agencies